Brad Williams: Consumer Debt surges to top $1T – Reflections of 2008

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Brad Williams, President of, “Brad Williams Financial Services”, updates with Kurt Schemers and Don McKelvey on Traders Nation® the latest numbers on Consumer Debt. Viewers and listeners discover that student and auto loans have skyrocketed in the non-revolving debt sector, and because of this, the new debt has created new highs in the debt market. Discover several reasons why this area is ballooning and is there a way to avoid adding to it?

Additionally, in the revolving credit market (credit cards), Americans are doing what they’ve done best – and that’s spending money they don’t have. As expected, a credit card surge in the 4th quarter of 2018 pushed credit card debt into the billions of dollars to top-out debt over $1T. Should banks be worried as we reflect on the frozen credit market of 2008? These details, plus tools, to help people resist debt and save more.